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​Abought ledgeris a system inaccountingby which a business records and monitors itscreditors. The purchase ledger contains the individual accounts of suppliers from whom the business has made purchases oncredit. Information oninvoicesandcredit notesreceived, and payments made, are recorded in the supplier's account using thedebits and creditssystem, with thebalanceof each account at a given moment representing the amount currently owed to that supplier.[citation needed]

Historically, the purchase ledger was maintained in book form, hence the termledger, but in modern practice it is much more likely to be held on computer usingaccountancy softwareor aspreadsheet. The concept of Double-entry Bookkeeping is that debits balance the credits at all times. For convenience the main Trial Balance lists some accounts containing many entries as simply a single control figure. There is then a separate physical Ledger for the summarised area, which could conveniently be managed on its own, often at physically separate locations from the main ledger book. The Purchase Ledger is a common example of this.[citation needed]

The purchase ledger will ordinarily be an overall credit (liability) balance, unless credit notes or over-payments exceed the credit balance. However within itself, it is usual to show all invoices as positive figures, and payments as negative entries, as this minimises the number of negative entries to make/read.

​The Metropolitan Borough of Walsall is a metropolitan borough in the West Midlands, England. It is named after its largest settlement, Walsall, but covers a larger area which also includes Aldridge, Bloxwich, Brownhills, Darlaston, Pelsall and Willenhall. It also serves as the post town for nearby Cannock Chase District and Lichfield District respectively.

The borough had an estimated population of 254,500 in 2007.[2]

The current boundaries were set as part of the provisions of the Local Government Act 1972, with a change to the north of the borough in 1994.[3] It is bounded on the west by the City of Wolverhampton, the south by the Metropolitan Borough of Sandwell, to the south east by the City of Birmingham, and by the Staffordshire districts of Lichfield, Cannock Chase and South Staffordshire to the east, north and northwest respectively. Most of the borough is highly industrialised and densely populated, but areas around the north and east of the borough are open space.

In 1986 the borough became an effective unitary authority when the West Midlands County Council was abolished. However it remains part of the West Midlands for ceremonial purposes, and for functions such as policing, fire and public transport.

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